Updating Recent Philly VC Investments

Below is a table showing IT-related venture capital investments in the Philadelphia area in the second quarter, at least those that I am aware of. It should not be considered a complete record of deals in Q2; the PricewaterhouseCooper/MoneyTree report that should be out soon always includes some deals that have not been previously announced. But as you can see activity in Q2 looks much better already than what happened in Q1.
One company I have removed from the list that was on the PwC/MoneyTree Q1 report is a stealth company called "OSS 1701", listed as being Wilmington-based. It turns out that the company has nothing to do with Delaware, as far as I can tell, other than possibly being incorporated there. It is based in Redwood City, CA. The company actually turns out to be a pretty big deal; it is a cloud platform startup called webappVM, backed by Marc Andreessen among others. Possibly the founders or investors had it shown as being in Delaware in order to protect its stealth status by keeping it out of the Silicon Valley rumor mill.




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